Why Ross Stores (ROST) Could Beat Earnings Estimates Again

Core Insights - Ross Stores (ROST) is positioned to potentially continue its earnings-beat streak in upcoming reports, having surpassed earnings estimates by an average of 5.64% in the last two quarters [1] Earnings Performance - For the most recent quarter, Ross Stores reported earnings of $1.43 per share against an expectation of $1.47 per share, resulting in a surprise of 2.80%. In the previous quarter, the company exceeded the consensus estimate of $1.65 per share by reporting $1.79 per share, achieving a surprise of 8.48% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Ross Stores, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially when combined with a solid Zacks Rank [4][7] - The current Earnings ESP for Ross Stores is +1.23%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [7] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6]